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Apr 1, 2020 · Reserve Bank of India has notified the Amalgamation of Andhra Bank and Corporation Bank into Union Bank of India Scheme. It shall come into force on April 1, 2020.
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Aug 30, 2019 · As part of the mega-merger plan, Andhra Bank and Corporation Bank will be merged with Union Bank of India. In a media briefing, Sitharaman said, the combined entity will be the fifth-largest...
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Andhra Bank and Corporation Bank would be merged into Union Bank of India. The proposed merger would make Union Bank of India the fifth largest public sector bank in the country with assets of ₹ 14.59 lakh crore (US$170 billion) and 9,609 branches.
Apr 20, 2020 · Andhra Bank and Corporation Bank were merged into Union Bank of India on April 1, 2020 as part of the government's consolidation exercise. The merger did not affect the account numbers, IFSC codes, MICR, branches or loans of the customers.
Apr 1, 2020 · New Delhi: Union Bank on Wednesday said it has become the country's fifth largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a dynamic shared future, it said in a release. "As of today, all employees, customers and ...
On 30 August 2019, Finance Minister Nirmala Sitharaman announced that Andhra Bank and Corporation Bank would be merged into Union Bank of India. The proposed merger would make Union Bank the fifth largest public sector bank in the country with assets of ₹ 14.59 lakh crore (US$170 billion) and 9,609 branches.
Aug 30, 2019 · Finance Minister Nirmala Sitharaman announced a mega consolidation plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity. The merger will make the banks stronger and sustainable and increase their lending ability.
